Earned Income Tax Credit: The Earned Income Tax Credit (EITC) is a federal tax benefit that helps workers with low or moderate incomes. This credit is available to individuals and families, whether they have children or not. It reduces the amount of tax owed and can even result in a refund.

If you are a low- or middle-income earner, you may be eligible for hundreds or even thousands of dollars in your 2024 tax refund through the Earned Income Tax Credit (EITC). However, roughly one in five eligible taxpayers miss out on claiming the credit because they don’t know they’re eligible, according to IRS.

The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out on claiming the credit.

The federal Earned Income Tax Credit is designed for low to moderate-income wage earners and is fully refundable, meaning even those who do not earn enough money to have taxes withheld are eligible. The Internal Revenue Service is reminding tax filers about a key credit worth up to $7,830.

The Earned Income Tax Credit is a federal tax benefit for workers with low or moderate incomes, regardless of whether they have children. Also known as the Earned Income Credit, th

The 2025 tax season has officially begun, and while Americans are looking to get the most out of their returns, the Internal Revenue Service says a fifth of eligible taxpayers fail to take advantage of a massive tax break every year.